Forex reserves up $199 million

02 Aug, 2019

The total liquid foreign exchange reserves held by the country rose by some $199 million to $15.062 billion at the end of last week. During the week ending July 26, 2019, the State Bank of Pakistan's foreign exchange reserves increased by $155 million to $7.767 billion due to official government inflows. Pakistan has recently raised some $500 million from a consortium of banks and these inflows were part of this loan. In addition, reserves held by banks increased by $44 million to $7.295 billion at the end of last week.

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